The composition of the Amsterdam Exchanges-index (AEX) from 1983

Transcription

1 - 1 - The composition of the Amsterdam Exchanges-index (AEX) from 1983 The Amsterdam Exchanges-index (AEX) was compiled by the AEX-Optiebeurs in Over the years, the composition of this stock index has been changed a number of times. On 18 May 1987, European style options were introduced on the Amsterdam Exchanges-index (AEX). The contract size is 100 NLG times the index. Futures on the index were introduced on 24 October January 1983 Start of the Amsterdam Exchanges-index (AEX) at a level of 100. The formula below was used to calculate the index level. In case of a dividend payment the index level was adjusted for several days to prevent I t = I t-1 * 1 * n n i=1 S S i,t i,t-1 the index from falling to fast on one single day. The index was composed of the following stocks. 1. ABN 8. KLM 2. Ahold 9. Royal Dutch 3. Akzo 10. Nationale Nederlanden 4. Amro 11. Philips 5. Gist-Brocades 12. Unilever 6. Heineken 13. Nedlloyd 7. Hoogovens 29 May 1984 Inclusion of Aegon in the index 2 January 1985 Inclusion of Robeco (ROB) 3 January 1985 As of this date the value of the Amsterdam Exchanges-index (AEX) is calculated by multiplying the price of each stock by its weighting factor. These amounts are then cumulated and divided by one hundred. The composition as of this date was: stock factor stock factor stock factor ABN 3 GIS 7 NN 5 AGN 8 HEI 9 PHI 23 AH 7 HO 19 RD 7 AKZ 13 KLM 28 ROB 18 ARB 19 NED 8 UNI 4

2 11 March 1985 The weighting factor for Nationale Nederlanden (NN) was raised to 20 as a result of a 1:4 14 June 1985 The weighting factor for Aegon (AGN) was raised to 16 as a result of a 1:2 13 November 1985 The weighting factor for Ahold (AH) was raised to 28 as a result of a 1:4 split. 3 January 1986 Inclusion of AMEV (AMV) into the index. The weighting factors for all of the component stocks were recalculated The composition as of this date was: Stock factor stock factor stock factor ABN 3 GIS 6 NN 20 AGN 14 HEI 7 PHI 26 AH 19 HO 21 RD 10 AKZ 11 KLM 32 ROB 20 AMV 19 NED 8 UNI 4 ARB April 1986 The weighting factor for Heineken (HEI) was raised to 9 as a result of a 25% stockbonus. 1 July 1986 The weighting factor for Gist-Brocades (GIS) was raised to 30 as a result of a 1: September 1986 Deletion of the shares of Robeco (ROB) and inclusion of the shares of Elsevier (ELS) and Koninklijke Nederlandse Papierfabrieken (KNP). The weighting factors for all of the component stocks were recalculated. The composition as of this date was: stock factor stock factor Stock factor ABN 3 ELS 7 NED 9 AGN 15 GIS 30 NN 18 AH 16 HEI 9 PHI 28 AKZ 10 HO 22 RD 8 AMV 21 KLM 35 UNI 3 ARB 15 KNP 10 1 December 1986 Inclusion of Bührmann Tettenrode (BT), Nederlandse Middenstands Bank (NMB) and Océ van der Grinten (OCE) into the index. The weighting factors for all of the component stocks were recalculated. The composition as of this date was: stock factor stock factor stock factor ABN 2 ELS 5 NMB 6 AGN 15 GIS 26 NN 16

3 - 3 - AH 11 HEI 7 OCE 3 AKZ 8 HO 30 PHI 28 AMV 7 KLM 28 RD 6 ARB 14 KNP 8 UNI 3 BT 6 NED 7 17 December 1986 The weighting factor for Bührmann-Tetterode N.V. (BT) was increased to 24 as a result of a 1:4 24 April 1987 The weighting factor for Elsevier N.V. (ELS) was raised to 25 as a result of a 1:4 stock split, accompanied by a 25% bonus paid in shares. 27 May 1987 The weighting factor for Koninklijke Ahold N.V. (AH) was raised to 12.1 as a result of a 10% jubilee payment in shares. 29 June 1987 The weighting factor for Unilever N.V. (UNI) was raised to 15 as a result of a 1:5 26 August 1987 The weighting factor for Algemene Bank Nederland N.V. (ABN) was raised to 20 as a result of a 1:10 8 April 1988 The weighting factor for Koninklijke Nederlandse Papierfabrieken (KNP) was raised to 8.8 in connection with a 10% bonus paid in shares. 20 June 1988 The stocks Nederlandsche Middenstandsbank N.V. (NMB) and Océ-van der Grinten N.V. (OCE) were removed from the AEX-index. Two new stocks - Van Ommeren Ceteco N.V. (VOC) and Wessanen N.V. (WES) - were added and were given weighting factors of and October 1988 The weighting factor for Koninklijke Nederlandse Papierfabrieken N.V. (KNP) was raised to 35.2 as a result of a 1:4 18 January 1989 The weighting factor for N.V. Koninklijke Nederlandsche Petroleum Maatschappij (Royal Dutch: RD) was raised to 12 as a result of a 1:2 stock split. 28 April 1989 The weighting factor for Heineken N.V. (HEI) was raised to 8.75 as a result of a 25% bonus paid in shares. 1 August 1989 The weighting factor for Nedlloyd (NED) was raised to 35 as a result of a 1:5 5 October 1989 Five stocks were added to the index and the weighting factors for all of the component stocks were recalculated: 10 stocks were given a base percentage of 5% and 15 stocks were given a base percentage of 3 1/3%. Stocks added were DAF (DAF), DSM (DSM), Fokker (FOK), Ned. Middenstands Bank (NMB) and VNU (VNU). The composition as of this date was: base Weighting base Weighting base Weighting stock % factor stock % factor stock % factor ABN ELS NMB AGN FOK NN

4 - 4 - AH GIS PHI AKZ HEI RD AMV HO UNI ARB KLM VNU BT KNP VOC DAF NED WES DSM After this recalculation the following changes have taken place: 31 October 1989 The weighting factor for NMB (NMB) was raised to 20 as a result of a 1:5 27 August 1990 Due to the merger between ABN Bank (ABN) and Amro Bank (ARB), the shares of these companies were replaced by the new company ABN AMRO Bank (AAB); at the same time the base weighting of AEGON (AGN) was raised from 3.33% to 5% and Polygram (PLG) was added to the index. The new number of shares in the index for the relevant companies were: AAB 39; AGN 12 and PLG December 1990 The weighting factor for Ahold (AH) was raised to 16 as a result of a 1:2 stock split. 1 March 1991 Due to the merger between NMB Postbank (NMB) and Nationale Nederlanden (NN) the shares of these companies were replaced by the new company Internationale Nederlanden Group (ING). The number of ING shares in the index became April 1991 Wolters-Kluwer (WKL) was added to the AEX-index and the number of ING shares was reduced. WKL entered the index with 16.9 shares and the number of ING shares was reduced from 45.6 to April 1992 Due to a 25% bonus paid in shares the number of Heineken (HEI) shares was raised from 11 to June 1992 The weighting factor for Aegon (AGN) was raised to 24 as a result of a 1:2 4 February 1993 Due to the removal of DAF from the official market, the stock was replaced by Stork (STO). The weighting of Stork became 3.1 shares. 9 March 1993 Due to the merger between KNP, Bührmann-Tetterode (BT) and VRG-Groep, the shares of KNP and BT were replaced by the new company Koninklijke KNP BT (KKB). The number of KKB shares in the index became 34. (no new stock was added to the the index, the index had temporarily 24 stocks until the 1994 review) 7 April 1993 Due to the merger between Bols and Wessanen (WES), the shares of Wessanen were replaced by the new company Koninklijke BolsWessanen (BSW). The number of shares in the index became Sept 1993 As a result of a rights issue the weight of ABN AMRO Bank (AAB) was raised from 39.0 to 39.2 shares.

5 1 October 1993 As a result of a rights issue the weight of Koninklijke KNP BT (KKB) was raised from 34.0 to shares November 1993 The weighting factor for Ahold (AH) was raised to 32 as a result of a 1:2 stock split. 1 January 1994 The name of the index was changed from 'EOE-index' into 'Amsterdam EOEindex (AEX) 18 February 1994 As from 18 February 1994 the composition of the Amsterdam Exchangesindex (AEX) is reviewed annually in accordance with the new rules. The stock Van Ommeren Ceteco (VOC) was replaced by CSM (CSM) and Pakhoed (PAK). The weighting factors for all of the component stocks are recalculated on the basis of their respective market capitalization. The composition of this Amsterdam Exchanges-index (AEX) as of 18 February 1994 is: stock factor stock factor stock factor AAB 61 FOK 11 PAK 6 AGN 23 GIS 8 PHI 75 AH 27 HEI 9 PLG 10 AKZ 13 HO 7 RD 21 AMV 16 ING 49 STO 6.5 BSW 18 KKB 23 UNI 19 CSM 8.4 KLM 12 VNU 3.5 DSM 8.1 NED 5 WKL 15 ELS 15 After the review of the index in February 1994 the following operational changes have taken place: 20 June 1994 Name change 'AMEV' (AMV) into 'Fortis AMEV' (FOR) (no change in weight) 30 sept 1994 Two changes in trading symbols: Unilever 'UNI' was changed to 'UN' Nedlloyd 'NED' was changed to 'NDL' (no changes in weights) 5 October 1994 The weighting factor for Elsevier (ELS) was raised to 150 as a result of a 1:10 17 February 1995 At the 1995 periodic review the stock Fokker (FOK) was replaced by Koninklijke PTT Nederland (KPN) The composition of the Amsterdam Exchanges-index (AEX) as of 20 February 1995 is: stock factor stock factor stock factor AAB 60 GIS 7.5 PAK 6 AGN 21 HEI 8 PHI 67 AH 25 HO 6 PLG 9 AKZ 14 ING 51 RD 21 BSW 17 KKB 20 STO 5.5 CSM 7.5 KLM 17 UN 21 DSM 7 KPN 27 VNU 3.8

6 - 6 - ELS 128 NDL 4.5 WKL 13 FOR April 1995 The weighting factor for Heineken (HEI) was raised to 10 as a result an issue of bonusshares. 1 June 1995 The weighting factor for Aegon (AGN) was raised to 52.5 as a result of a 1:2.5 6 February 1996 The weighting factor for VNU (VNU) was raised to 38 as a result of a 1:10 19 February 1996 At the 1996 periodic review the stocks Pakhoed (PAK) and Stork (STO) were replaced by Hagemeyer (HGM) and Nutricia (NUT). The composition of the Amsterdam Exchanges-index (AEX) as of 21 February 1996 is: stock factor stock factor stock factor AAB 54 GIS 7 NDL 4 AGN 44 HEI 9 NUT 4 AH 22 HGM 7 PHI 58 AKZ 12 HO 5.5 PLG 8 BSW 14 ING 47 RD 22 CSM 6.5 KKB 18 UN 21 DSM 6 KLM 15 VNU 33 ELS 117 KPN 78 WKL 12 FOR 12 3 June 1996 The weighting factor for ING Groep (ING) was raised to as a result of a 1:2.5 6 June 1996 The weighting factor for Fortis AMEV (FOR) was raised to 30 as a result of a 1:2.5 1 January 1997 Change of name into: Amsterdam Exchanges-index. 21 February 1997 At the 1997 periodic review the stock CSM (CSM) was replaced by Océ van der Grinten (OCE). The composition of the Amsterdam Exchanges-index (AEX) as of 24 February 1997 is: stock factor stock factor stock factor AAB 54 HEI 9 NUT 4 AGN 46 HGM 8 OCE 3.5 AH 29 HO 5.5 PHI 60 AKZ 12 ING 101 PLG 8 BSW 14 KKB 17 RD 22 DSM 5 KLM 15 UN 20 ELS 116 KPN 81 VNU 33 FOR 31 NDL 4 WKL 12 GIS 7

7 - 7-1 May 1997 Change of name Océ van der Grinten (OCE) into Océ (OCE). (No change in weight) 7 May 1997 The weighting factor for Hagemeyer (HGM) was raised to 16 as a result of a 1:2 13 May 1997 The weighting factor for ABN AMRO Bank (AAB) was raised to 216 as a result of a 1:4 30 June 1997 The weighting factor for Royal Dutch (RD) was raised to 88 as a result of a 1:4 21 July 1997 The weighting factor for Ahold (AH) was raised to 87 as a result of a 1:3 stock split. 1 September 1997 The weighting factor for Nutricia (NUT) was raised to 20 as a result of a 1:5 13 October 1997 The weighting factor for Unilever (UN) was raised to 80 as a result of a 1:4 26 January 1998 Name change Koninklijke Verenigde Bedrijven Nutricia (NUT) into Koninklijke Numico (NUM). (No change in weight) 20 February 1998 At the 1998 periodic review the stocks Koninklijke BolsWessanen (BSW), Koninklijke Gist-Brocades (GIS) and Koninklijke Nedlloyd (NDL) were replaced by ASM Lithography (ASML), Baan Company (BAAN) and Vendex International (VI). The composition of the Amsterdam Exchanges-index (AEX) as of 23 February 1998 is: Weighting weighting weighting stock Factor stock factor stock factor AAB 214 HEI 8 OCE 3 AGN 44 HGM 16 PHI 52 AH 78 HO 5.5 PLG 7 AKZ 11 ING 102 RD 96 ASML 11 KKB 16 UN 80 BAAN 29 KLM 11 VI 12 DSM 4.5 KPN 73 VNU 30 ELS 102 NUM 19 WKL 11 FOR 29 4 May 1998 The weighting factor for Océ (OCE) was raised to 12 as a result of a 1:4 stock split. 5 May 1998 The weighting factor for Heineken (HEI) was raised to 50 as a result an issue of bonusshares and a 1:5 8 May 1998 The weighting factor for ASM Lithography (ASML) was raised to 22 as a result of a 1:2

8 25 May 1998 The weighting factor for Aegon (AGN) was raised to 88 as a result of a 1:2 25 June 1998 The weighting factor for Vendex International (VI) was divided between Vendex (VDX) and Vedior (VDOR) as a result of the spin-off of Vedior (VDOR) of Vendex International (VI). The name Vendex International (VI) changed into Vendex (VDX). The weighting factor for Vendex (VDX) became 12 and the weighting factor for Vedior (VDOR) became June 1998 The weighting factor for Koninklijke PTT Nederland (KPN) was divided between Koninklijke KPN (KPN) and TNT Post Groep (TPG) as a result of the spin-off of TNT Post Groep (TPG) of Koninklijke PTT Nederland (KPN). The name Koninklijke PTT Nederland (KPN) changed into Koninklijke KPN (KPN). The weighting factor for both Koninklijke KPN (KPN) and the weighting factor for TNT Post Groep (TPG) became July 1998 The weighting factor for Akzo Nobel (AKZ) was raised to 44 as a result of a 1:4 31 July 1998 Change of name Koninklijke KNP BT (KKB) into Buhrmann (KKB). (No change in weight and AEX-symbol) 5 August 1998 Change of name Verenigd Bezit VNU (VNU) into VNU (VNU). (No change in weight and AEX-symbol) 31 August 1998 The weighting factor for Buhrmann (BUHR) was raised to as a result of a reorganisation of shares. The AEX-symbol changed into BUHR. 30 October 1998 The weighting factor for Vendex (VDX) was raised to 21.2 as a result of the spin-off of Vendex Food Groep followed by a take over by Laurus (LAU) December 1998 Due to the take over of Polygram (PLG) by the Canadian The Seagram Company Ltd., Polygram (PLG) was deleted from the index. As a result of this the Amsterdam Exchanges-index was reweighted and therefore the new composition became: Weighting weighting weighting stock Factor stock factor stock factor AAB 219 FOR 29 PHI 52 AGN 88 HEI 51 RD 96 AH 80 HGM 16 TPG 75 AKZ 45 HO 5.5 UN 80 ASML 22 ING 103 VDOR 12 BAAN 29 KLM 11 VDX 21 BUHR 17 KPN 74 VNU 30 DSM 4.5 NUM 19 WKL 11 ELS 103 OCE 12 4 January 1999 AEX index calculated in Euro s 4 January 1999 Change of name Fortis AMEV (FOR) into Fortis (NL) (FOR). (No change in weight and AEX-symbol)

9 11 January 1999 The weighting factor for Fortis (NL) (FOR) was raised to 58 as a result of a 1:2 19 February 1999 At the 1999 periodic review the stock Vedior (VDOR) was deleted from the index. No new stocks entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 22 February 1999 is: stock factor stock factor stock factor AAB 227 FOR 63 OCE 13 AGN 58 HEI 48 PHI 56 AH 99 HGM 16 RD 135 AKZ 44 HO 6 TPG 77 ASML 22 ING 110 UN 79 BAAN 32 KLM 10 VDX 14 BUHR 12 KPN 75 VNU 30 DSM 5.5 NUM 20 WKL 11 ELS April 1999 The weighting factor for Wolters Kluwer (WKL) was raised to 44 as a result of a 1:4 10 May 1999 The weighting factor for Unilever (UN) decreased to as a result of a reorganisation of shares. 31 May 1999 The weighting factor for Koninklijke Philips Electronics (PHI) decreased to as a result of a reorganisation of shares. 20 September 1999 The weighting factor for DSM (DSM) was raised to 16.5 as a result of a 1:3 6 October 1999 The weighting factor for Hoogovens (HO) was raised to 175 as a result of the merger with British Steel. The name changed into Corus Group (CORS) 11 October 1999 The weighting factor for Koninklijke Luchtvaart Maatschappij (KLM) increased to 10.2 as a result of a reorganisation of shares. 18 February 2000 At the 2000 periodic review the stocks Buhrmann (BUHR), KLM (KLM) and Océ (OCE) were deleted from the index. Getronics (GTN), United Pan-Europe Communications (UPC) and Gucci (GUC) entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 21 February 2000 is: Stock factor stock factor stock factor AAB 201 FOR 63 PHI 40 AGN 79 GTN 15 RD 118 AH 88 GUC 2 TPG 66 AKZ 39 HEI 42 UN 78 ASML 19 HGM 15 UPC 20 BAAN 31 ING 119 VDX 12 CORS 417 KPN 60 VNU 31 DSM 14 NUM 20 WKL 38

10 ELS March 2000 The weighting factor for United Pan-Europe Communications (UPC) was raised to 60 as a result of a 1:3 17 April 2000 The weighting factor for Koniklijke Philips Electronics (PHI) was raised to 160 as a result of a 1:4 17 April 2000 The weighting factor for ASM Lithography (ASML) was raised to 57 as a result of a 1:3 18 May 2000 The weighting factor for Getronics (GTN) was raised to 45 as a result of a 1:3 30 May 2000 The weighting factor for Aegon (AGN) was raised to 158 as a result of a 1:2 5 June 2000 The weighting factor for KPN (KPN) was raised to 120 as a result of a 1:2 1 August 2000 The weighting factor for Philips (PHI) was decreased to as a result share reduction of 3%. 4 August 2000 Due to the take over of Baan NV by Invensys plc, Baan was deleted from the index. As a result of this the Amsterdam Exchanges-index was reweighted and therefore the new composition became: Stock factor stock factor stock factor AAB 201 GTN 46 RD 118 AGN 158 GUC 2 TPG 68 AH 88 HEI 42 UN 78 AKZ 39 HGM 15 UPC 59 ASML 58 ING 119 VDX 12 CORS 414 KPN 120 VNU 31 DSM 14 NUM 20 WKL 39 ELS 92 PHI 159 FOR 63 1 September 2000 The weighting factor for Koninklijke KPN was raised to as a result of a stockdividend, Eur 0.18 for every ordinary share 1 March 2001 At the 2001 periodic review the stocks Corus (CRS) and Vendex KBB (VDX) were deleted from the index. Buhrmann (BUHR), KPNQwest (KQIP) and Versatel (VERS) entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 2 March 2001 is: Stock factor stock factor stock factor AAB 236 GTN 55 PHI 170 AGN 157 GUC 8 RD 93

11 AH 134 HEI 25 TPG 56 AKZ 46 HGM 17 UN 89 ASML 66 ING 78 UPC 34 BUHR 16 KPN 142 VNU 37 DSM 16 KQIP 8 VERS 6.5 ELS 116 NUM 24 WKL 45 FOR 66 1 May 2001 The weighting factor for Heineken (HEI) was raised to as a result of a 4:5 4 May 2001 The weighting factor for Koninklijke KPN was raised to as a result of a stockdividend, Eur 0.35 for every ordinary share = 1 for Juni 2001 Name change: ASM Lithography Holding changed into ASML Holding NV 2 July 2001 The weighting factor for ING Groep (ING) was raised to as a result of a 1:2 6 August 2001 Name change: TNT POST Groep changed into TPG NV 12 December 2001 The weighting factor for Gucci Group (GUC) was raised to 8.67 as a result of the distribution of a special cash dividend of USD 7 per share. 17 December 2001 End of listing Fortis (NL), following the combining of shares of Fortis (NL) and Fortis (B). New listing Fortis (FORA). (No change in weight) 14 February 2002 United Pan-Europe Communications removed from index as a result of a special listing. Rebalancing other indexconstituents. Stock factor stock factor stock factor AAB 236 GTN 54 PHI 169 AGN 157 GUC 9 RD 93 AH 138 HEI 31 TPG 56 AKZ 46 HGM 17 UN 87 ASML 66 ING 156 VNU 37 BUHR 16 KPN 145 VERS 6.5 DSM 16 KQIP 8 WKL 47 ELS 116 NUM 24 FOR 66 1 March 2002 At the 2002 periodic review the stock Versatel Telecom International (VRSA) is deleted from the index. CMG (CMG) and Van der Moolen (MOO) entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 4 March 2002 is:

12 Stock factor stock factor stock factor AAB 210 FORA 175 MOO 5 AGN 145 GTN 55 NUM 22 AH 125 GUC 7 PHI 162 AKZ 39 HEI 26 RD 83 ASML 65 HGM 15 TPG 49 BUHR 18 ING 183 UN 74 CMG 80 KPN 230 VNU 32 DSM 14 KQIP 8 WKL 38 ELS April 2002 Name change: Elsevier NV changed into Reed Elsevier NV (REN) 6 June 2002 KPNQwest removed from AEX index as a result of a special listing and bankruptcy. No Rebalancing other indexconstituents. 31 December 2002 Following the merger between CMG and Logica, CMG was replaced by LogicaCMG. Weighting of LogicaCMG: 39 3 March 2003 At the 2003 periodical review no stocks are deleted from the index. IHC Caland (IHC) entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 4 March 2003 is: AAB GUC 7.0 NUM 23.0 AGN HEI 27.0 PHI AH HGM 15.0 RD 72.0 AKZ 41.0 IHC 4.5 REN ASML 67.0 ING 212 TPG 49.0 BUHR 18.0 KPN UN 52.0 DSM 14.0 LOG VNU 34.0 FORA MOO 5.5 WKL 39.0 GTN September 2003 The weighting factor for Gucci Group (GUC) was raised to 8.3 as a result of a Return of Capital of EUR per share. 27 November 2003 The weighting factor for Koninklijke Ahold (AH) was raised to as a result of a Rights issue. 16 January 2004 The weighting factor for Hagemeyer (HGM) was raised to 20 as a result of a Rights issue. 1 March 2004 At the 2004 periodical review, LogicaCMG was deleted from the index. Versatel Telecom Int. (VRS) entered the index. The composition of the Amsterdam Exchanges-index (AEX) as of 2 March 2004 is:

13 AAB GUC 3.5 PHI AGN HEI 27.0 RD 89.0 AH HGM 66.0 REN 95.0 AKZ 38.0 IHC 4.5 TPG 49.0 ASL 68.0 ING UN 60.0 BHR 18.0 KPN VNU 34.0 DSM 13.0 MOO 5.0 VRS 60.0 FOR NUM 23.0 WKL 39.0 GTN march 2004 Rule change: the following subjects were improved: Foreign shares category: Dividend treatments. See Euronext Announcement April 2004 The weighting factor for KPN (KPN) was raised to as a result of the distribution of a special cash dividend of Eur: 0,13 per share. 3 May 2004 Due to the take over of Gucci Group by Pinault-Printemps-Redoute, Gucci Group was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: AAB HEI 27.0 REN 95.0 AGN HGM 67.0 TPG 49.0 AH IHC 4.5 UN 61.0 AKZ 38.0 ING VNU 34.0 ASL 68.0 KPN VRS 60.0 BHR 18.0 MOO 5.0 WKL 39.0 DSM 13.0 NUM 23.0 FOR PHI GTN 69.0 RD May 2004 The weighting factor for Heineken (HEI) was raised to as a result of a 5 for 4 1 November 2004 New rules for selecting constituents for AEX-index amended to reflect new calculation of turnover (see Euronext Announcement ) 10 January 2005 New rules for AEX-index amended. New rules regarding publication Free Float banding, additional criteria in case of take over and nationality of constituents (see Euronext Announcement ) 1 March 2005 New rules for AEX-index amended. New rules regarding maximum weighting of individual constituent in AEX-index increased from 10% to 15% (see Euronext Announcement ). 1 March 2005 At the 2005 periodical review, Van der Moolen (MOO) was deleted from the index. Kon. P&O Nedlloyd (RPN) and Vedior (VDR) entered the index. The composition of the AEX-index (AEX) as of 2 March 2005 is:

14 AAB HEI 26.5 REN 82.0 AGN HGM 56.0 RPN 3.5 AH IHC 3.75 TPG 53.0 AKZ 32.0 ING UN 63.0 ASL 54.0 KPN VDR 19.0 BHR 15.0 NUM 18.0 VNU 28.0 DSM 11.0 PHI VRS 43.0 FOR RD WKL 33.0 GTN March 2005 The weighting factor for Buhrmann (BHR) was raised to as a result of a Rights issue 13 April 2005 The weighting for Getronics (GTN) was raised to as a result of a rights issue (2 new shares for each 3 rights) 2 May 2005 Name change for IHC Calland into SBM Offshore (SBG). No adjustment to index weightings. 6 May 2005 Name change for TPG (TPG) into TNT (TNT). No adjustment to index weightings 29 June 2005 The weighting factor for Getronics (GTN) has been changed to 8.7 as a result of a 1 for 7 reversed 20 July 2005 As result of the Unification between Royal Dutch and Shell Transport & Trading, Royal Dutch (RD) shares are replaced by Royal Dutch Shell A (RDSA) shares. 236 shares Royal Dutch Shell A shares are included. 10 August 2005 Due to the take over of Koninklijke P&O Nedlloyd by Möller-Mærsk, Koninklijke P&O Nedlloyd was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: AAB HEI 26.0 REN 82.0 AGN HGM 56.0 TNT 53.0 AH IHC 3.75 UN 63.0 AKZ 32.0 ING VDR 19.0 ASL 54.0 KPN VNU 28.0 BHR 16.0 NUM 18.0 VRS 44.0 DSM 11.0 PHI WKL 33.0 FOR RD GTN September 2005 The weighting factor for DSM (DSM) was raised to as a result of a 1:2 11 October 2005 Due to the take over of Versatel by Tele 2 Finance, Versatel was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became:

15 AAB HEI 26.0 REN 82.0 AGN HGM 57.0 TNT 54.0 AH IHC 3.75 UN 64.0 AKZ 32.0 ING VDR 19.0 ASL 54.0 KPN VNU 28.0 BHR 16.0 NUM 18.0 WKL 33.0 DSM 11.0 PHI FOR RD GTN October 2005 Name change for DSM into Kon. DSM. No adjustment to index weightings 20 December 2005 The symbol IHC for SBM Offshore changed to SBM. 1 January 2006 New Format of ground rules 1 February 2006 New rule regarding special dividend 2 March 2006 At the 2006 periodical review, Rodamco Europe (REU) and TomTom (TTM) entered the index. No company was deleted from the index. The composition of the AEX index (AEX) as of 2 March 2006 is: AAB HEI REU 7.00 AGN HGM SBM 3.75 AH ING TNT AKZ KPN TTM 6.00 ASL NUM UN BHR PHI VDR DSM RDSA VNU FOR REN WKL GTN May 2006 The weighting factor for Unilever (UN) was raised to as a result of a 3 for 1 23 May 2006 Due to the take over of VNU (VNU) by Valcon, VNU was deleted from the index. As a result of this the AEX index was reweighted and therefore the new composition became: AAB HEI REU 7.00 AGN HGM SBM 3.75 AH ING TNT 48.00

16 AKZ KPN TTM 6.00 ASL NUM UN BHR PHI VDR DSM RDSA WKL FOR REN GTN June 2006 The weighting factor for SBM Offshore (SBM) was raised to as a result of a 4 for 1 1 December 2006 Amendment of rules for the AEX, AMX and AScX Indices: New criteria for including recently listed companies in indices 3 November 2006 The weighting factor for Unilever (UN) was raised to as a result of the distribution of a one-off dividend of Eur: 0,26 per share. 2 March 2007 At the 2007 periodical review, Mittal Steel (MT) and Randstad (RND) entered the index. Getronics (GTN) was deleted from the index. The composition of the AEX index (AEX) as of 2 March 2007 is: AAB HGM RND 6.00 AGN ING SBM AH KPN TNT AKZ MT TTM 5.50 ASL NUM UN BHR PHI VDR DSM RDSA WKL FOR REN HEI REU April 2007 Name change: Buhrmann (BHR) changed into Corporate Express NV (BHR) 22 June 2007 Due to the take over of Rodamco Europe (REU) by Unibail, Rodamco Europe was deleted from the index and Replaced by Unibail (symbol: REU). The weighting in shares of Unibail is equal to: 3.74 The weighting in shares of the other 24 constituents remain unchanged. 25 June 2007 Name change for Unibail into Unibail-Rodamco. As from 29 June 2007, the optionsymbol will be UBL. 23 August 2007 The weighting factor for Koninklijke Ahold was raised to , following a return of capital of EUR 1.89 and a reverse stock split (4 new for 5 old). 25 September 2007 The weighting factor for Fortis (FOR) was raised to as a result of a Rights issue. 01 October 2007 The weighting factor for ASML was changed to following a return of capital of EUR 2.04 and a reverse stock split (8 new for 9 old).

17 October 2007 Due to the take over of ABN AMRO by The Consortium, ABN AMRO was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: AGN HGM RND 7.0 AH ING SBM 16.0 AKZ 32.0 KPN TNT 53.0 ASL 54.0 MT TTM 6.25 BHR 21.0 NUM 22.0 REU 4.25 DSM 22.0 PHI UN FOR RDSA VDR 20.0 HEI REN 84.0 WKL November 2007 Due to the take over of Royal Numico (NUM) by Groupe Danone, Numico was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: AGN HGM SBM 16.0 AH ING TNT 54.0 AKZ 33.0 KPN TTM 6.25 ASL 55.0 MT REU 4.25 BHR 21.0 PHI UN DSM 22.0 RDSA VDR 20.0 FOR REN 86.0 WKL 37.0 HEI RND January 2008 Due to a special distribution of by Reed Elsevier (REN) and a share consolidation whereby 67 shares Reed Elsevier (REN) consolidated into 58 new share of Reed Elsevier, the weighting in shares of Reed Elsevier was changed to: March 2008 At the 2008 periodical review, Corio (CIO) and Tele Atlas (TA) entered the index. The composition of the AEX index (AEX) as of 4 March 2008 is: AGN HGM TA 7.50 AH ING TNT AKZ KPN TTM 7.00 ASL MT UBL 9.00 BHR PHI UN CIO 5.50 RDSA VDR 14.00

18 DSM REN WKL FOR RND 6.50 HEI SBM March 2008 Due to the take over of Hagemeyer (HGM) by Rexel, Hagemeyer was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN HEI SBM AH ING TA 7.50 AKZ KPN TNT ASL MT TTM 7.00 BHR PHI UBL 9.00 CIO 5.50 RDSA UN DSM REN VDR FOR RND 6.50 WKL March 2008 Rule changed: Introduction Interim review. New rules are effective as from 30 June Interim review will be performed after the close of markets on the first trading day of September. 14 May 2008 Due to the take over of Vedior (VDR) by Randstad, Vedior was deleted from the index. As a result of this the weighting of Randstad was increased to June 2008 Due to the take over of Tele Atlas (TA) by TomTom, Tele Atlas was deleted from the index. As a result of this the weighting of TomTom was increased to July 2008 Due to the take over of Corporate Express (BHR) by Staples, Corporate Express was deleted from the index. As a result of this the AEX-index was reweighted and therefore the new composition became: Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN HEI RND AH ING SBM AKZ KPN TNT ASL MT TTM CIO 5.50 PHI UBL 9.00 DSM RDSA UN FOR REN WKL September 2008 At the 2008 interim review Fugro (FUR), Koninklijke BAM Groep (BAM), USG People (USG) and Wereldhave (WHV) entered the index.

19 The composition of the AEX index (AEX) as of 2 September 2008 is: Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN FUR 6.50 RND AH HEI SBM AKZ ING TNT ASL KPN TTM BAM MT UBL 9.00 CIO 5.50 PHI UN DSM RDSA USG 8.00 FOR REN WHV 2.50 WKL January 2009 Rule Changes: Due to the introduction of the SOB the following rules will be adapted as from 1 January New selection criteria regarding the turnover; New eligibility rule for dual listed companies replaces the current eligibility rule. 3 March 2009 At the 2009 periodical review, Air France - KLM (AFA) and Koninklijke Boskalis Westminster (BOS) entered the index. Fortis (FOR) and USG People (USG) were deleted from the index. Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN FUR 9.50 RND AH HEI SBM AFA ING TNT AKZ KPN TTM 8.00 ASL MT UBL BAM PHI UN BOS 8.00 RDSA WHV 2.50 CIO 6.00 REN WKL DSM July 2009 The weighting factor for TomTom (TTM) was raised to 9.75 as a result of a rights issue. 13 November 2009 Rule Change: New Free Float definition and new banding system 26 November 2009 Rule change: Change of Eligibility rule regarding excluding Investment Instruments that do not have any business or have any assets other than future plans to obtain equity stakes. 30 November 2009 The weighting factor for ING Group (ING) was raised to as a result of a rights issue. 2 March 2010 At the 2010 periodical review, there were no changes in the composition of the index.

20 Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN FUR 8.00 RND AH HEI SBM AFA ING TNT AKZ KPN TTM ASL MT UBL BAM PHI UN BOS 8.00 RDSA WHV 2.50 CIO 9.00 REN WKL DSM June 2010 The weighting factor for Kon. BAM Groep (BAM) was raised to as a result of a rights issue. Weighting Weighting Weighting Stock factor Stock Factor Stock factor AGN FUR 8.00 RND AH HEI SBM AFA ING TNT AKZ KPN TTM ASL MT UBL BAM PHI UN BOS 8.00 RDSA WHV 2.50 CIO 9.00 REN WKL DSM September 2010 Rule Change NEIA : End of fixed divisor; Quarterly review cycle. 20 September 2010 No change in the composition as result of the quarterly review. The composition of the AEX index (AEX) as of 20 September 2010 is: The new divisor is: 831,111, AEX-index (NL ) Company Isin Code Number of shares Free Float Capping Factor AEGON NL ,745,333, AHOLD KON NL ,196,800, AIR FRANCE -KLM FR ,277, AKZO NOBEL NL ,711, ARCELORMITTAL LU ,556,444, ASML HOLDING NL ,177, BAM GROEP KON NL ,111, BOSKALIS WESTMIN NL ,984, CORIO NL ,800, DSM KON NL ,777, FUGRO NL ,222, HEINEKEN NL ,666,

21 ING GROEP NL ,831,422, KPN KON NL ,628,977, PHILIPS KON NL ,400, RANDSTAD NL ,222, REED ELSEVIER NL ,128, ROYAL DUTCH SHELLA GB00B03MLX29 3,545,663, SBM OFFSHORE NL ,222, TNT NL ,000, TOMTOM NL ,629, UNIBAIL-RODAMCO FR ,422, UNILEVER NL ,714,713, WERELDHAVE NL ,777, WOLTERS KLUWER NL ,888, October 2010 Capital reimbursement by Unibail-Rodamco of EUR The new divisor is: 825,684, December 2010 No changes as result of the quarterly review. 26 January 2011 The weighting of ArcelorMittal was divided between ArcelorMittal and Aperam as a result of the spin-off of Aperam of ArcelorMittal. (One share of Aperam for twenty shares ArcelorMittal held). ArcelorMittal Aperam ISIN code: LU LU Number of shares: 1,556,444,444 77,822,222 Free Float: Capping: March 2011 New rulebook 21 March 2011 At the 2011 periodical review Koninklike BAM Groep was removed from the index. The composition of the AEX index (AEX) as of 21 March 2011 is: The new divisor is: 815,150, AEX-Index (NL ) Company Isin Code Number of shares Free Float Capping Factor AEGON NL ,909,654, AHOLD KON NL ,191,887, AIR FRANCE -KLM FR ,219, AKZO NOBEL NL ,664, APERAM LU ,049, ARCELORMITTAL LU ,560,914, ASML HOLDING NL ,283, BOSKALIS WESTMIN NL ,974, CORIO NL ,002,

22 DSM KON NL ,425, FUGRO NL ,269, HEINEKEN NL ,002, ING GROEP NL ,830,227, KPN KON NL ,528,251, PHILIPS KON NL ,078, RANDSTAD NL ,048, REED ELSEVIER NL ,877, ROYAL DUTCH SHELLA GB00B03MLX29 3,563,952, SBM OFFSHORE NL ,667, TNT NL ,965, TOMTOM NL ,874, UNIBAIL-RODAMCO FR ,745, UNILEVER NL ,714,727, WERELDHAVE NL ,448, WOLTERS KLUWER NL ,659, May 2011 TNT was demerged into PostNL and TNT Express. One share of TNT Express was allocated to one share of TNT. TNT was renamed in PostNL. TNT Express was included in the index. The divisor remained unchanged. PostNL TNT Express ISIN code: NL NL Number of Shares: 379,965, ,965,260 (Reference) Price Free Float: 100% 100% Capping factor: June 2011 Wereldhave was removed from the index as result of the quarterly review. The composition of the AEX index (AEX) as of 20 June 2010 is: The new divisor is: 810,798, AEX-index (NL ) Number of Company ISIN Code shares Free Float Capping Factor AEGON NL ,909,654, AHOLD KON NL ,191,887, AIR FRANCE -KLM FR ,219, AKZO NOBEL NL ,664, APERAM LU ,049, ARCELORMITTAL LU ,560,914, ASML HOLDING NL ,283, BOSKALIS WESTMIN NL ,974, CORIO NL ,002, DSM KON NL ,425, FUGRO NL ,269, HEINEKEN NL ,002, ING GROEP NL ,830,227, KPN KON NL ,528,251, PHILIPS KON NL ,078,

23 POSTNL NL ,965, RANDSTAD NL ,048, REED ELSEVIER NL ,877, ROYAL DUTCH SHELLA GB00B03MLX29 3,563,952, SBM OFFSHORE NL ,667, TNT EXPRESS NL ,965, TOMTOM NL ,874, UNIBAIL-RODAMCO FR ,745, UNILEVER NL ,714,727, WOLTERS KLUWER NL ,659, September 2011 The outcome of the quarterly review (September): no changes to the index.